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Report Ocean published a new survey report on the global Identity Verification Market. The research offers crucial details about growth plans, business opportunities, trends, innovations, the competitive environment in 2021, and a geographical outlook that takes into account North America, Europe, the Asia-Pacific region, Latin America, the Middle East, and Africa.
The logistics price increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices increased by 15.5%, the highest level since February 2006. Besides that, the number of existing U.S. homes sold in July 2022 decreased by 5.95% to 4.85 million (seasonally adjusted annual rate), which was the lowest number since May 2020 and under the market’s forecast of 4.89 million. The home sector sales fell for the sixth month in a row as the mortgage rate reached its highest point at 6.3%. The U.S. economy continues to be heavily impacted by the global energy crisis, causing people to spend less and conserve more.
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The pre-and post-impact of COVID-19 on the global market are carefully analysed in the research. The global market report looks at the existing situation, share, expected trends, and SWOT analysis. For the purpose of forecasting growth for the years 2022–2030, it also covers sales channels. This study will analyse the market in terms of market growth patterns, future prospects, and player contributions to market growth.
The global identity verification market was valued at USD 9.1 billion in 2020 and is projected to reach USD 21.9 billion by 2030, growing at a CAGR of 18.1% from 2022 to 2030.
The identity verification markets major factors include Rising digitization initiatives, advanced fraudulent activities and identity theft during the last decade, Increased use cases of digital identities among verticals.
Major market player included in this report are:
Experian
GBG
Equifax
Mitek Systems
Thales Group
LexisNexis Risk Solutions
Onfido
Trulioo
Acuant
Jumio
Innovatrics
Applied Recognition
Signzy
Passbase
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By component
Solutions
Services
By type
Biometrics
Non-biometrics
By Deployment Mode
On-premise
Cloud
By Organization size
SMEs(small-medium enterprises)
Large enterprise
By verticals
BFSI
Government and defense
Healthcare & life science
Retail and e-commerce
IT & ITeS
Energy and utilities
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By Geography
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and the Rest of Asia Pacific),Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe),Latin America (Brazil, Mexico, Argentina, and Rest of Latin America),Middle East & Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa),North America (U.S. & Canada)
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analysed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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